November 29, 2010
--- The Companies of OneAmerica have launched Premier Trust for plans with assets of $5 million and above. ---
A news release said the new offering is being provided through McCready and
Keene, Inc., the actuarial and consulting firm acquired by AUL parent
OneAmerica in July (see "OneAmerica to Acquire Plan Actuary"). It will be marketed by the sales force of American United Life Insurance Company (AUL).
According to the company, the offering features fee
transparency, flexibility and a number of other benefits to financial
advisers and sponsors.
The program uses open architecture to provide access to
more mutual funds, or plan sponsors can choose from a pre-screened
line-up of 200 investment options from 30 companies under OptionOne. In
addition, the program offers a customized approach based on an open
investment platform and quarterly due diligence reporting, the news
release said.
The program will use fee-based advisers to distribute Premier
Trust initially. Registered representatives affiliated with
broker/dealers will have access to the program in the first quarter of
2011.
PLANADVISER staff